Journalize Cold Publishing Ltd.'s investment transactions. Explanations are not required. 2016 Dec. 6 Purchased 1,000 shares of
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2016
Dec. 6 Purchased 1,000 shares of Georgian Graphics Inc. at a price of $41.00 per share, intending to sell the investment within three months. Brokerage fees were $350.
23 Received a cash dividend of $1.10 per share on the Georgian Graphics Inc. shares.
31 Adjusted the investment to its fair value of $45.00 per share.
2017
Jan. 27 Sold the Georgian Graphics Inc. shares for $46.00 per share, less brokerage fees of $370.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For
Horngrens Accounting
ISBN: 978-0133855388
10th Canadian edition Volume 2
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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